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Jones & Carter, Realtors
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Contact Information

Jones & Carter Real Estate
Phone
(512) 267-1121
Fax
(512) 267-7046

E-Mail Us

Jones & Carter Real Estate
18650 Highway Ranch Road 1431
Jonestown, TX 78645

Articles and Links

Different Types of Loans
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Refinancing
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Leveraging Your Money
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Length of Your Mortgage
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Saving for the Down Payment
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Closing Costs
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How Mortgage Loans Work
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When To Pay Points
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Adjustable-Rate Mortgages
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How Much Can You Afford?
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Getting Your Finances in Order
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Your Credit History
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Mortgage Glossary
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Pre-Qualify Now!
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search foreclosures
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Questions & Answers
Get the answers on home selling and buying.

  Foreclosures - Q & A
Q:  Are foreclosures an option?
A:  A foreclosure property is a home that has been repossessed by the lender because the owners failed to pay the mortgage. Thousands of homes end up in foreclosure every year. Economic conditions affect the number of foreclosures, too. Many people lose their homes due to job loss, credit problems or unexpected expenses.

It is wise to be cautious when considering a foreclosure. Many experts, in fact, advise inexperienced buyers to hire an expert to take them through the process. It is important to have the house thoroughly inspected and to be sure that any liens, undisclosed mortgages or court judgements are cleared or at least disclosed.



Copyright 1999 Inman News Features


 

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